A reverse head and shoulders chart pattern has formed on the 4H TF, a good indicator that there’s a bullish move as it tries to form the right shoulder
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
short position, the price must rebound to support. What do you think? :)
GBPUSD more upmove incoming with the dollar looking to drop to 104.XXX levels, this would cause a massive up push in GU which the market has looked to have set the bottom with this inverse H+S. break of the neckline would allow 160 pip push up. Struggling for entries you can use the 4HR MA as rising support to push price up and buy dips on this.
We have came of a strong demand and looking good but NFP brought a lot of imbalance that could well be seen to be filled. With this We are holding a 4H supply that caused are recent break to the downside and i will be waiting for smaller time frame conformation to trade of this level. Also have a key area of 1.22500
Price really did play out in an interesting way last week as gbp had over 100pip gain and currently trade at 1.22600 which is a swing high . If price successfully make more bullish move . We may expect a new resistance at 1.23317 [ pullback resistance ] The two prices to focus on this coming week are 1.22600 (Swing high) 1.23317 (pullback Resistance)
My forecast for the upcoming week, my analysis of current price action and where I predict price to go and how I will act in certain scenarios.
GBPUSD is currently at it monthly support zone, and it as formed a double bottom at the daily timeframe which signifies a massive push to the upside
I am looking for a breakout of 1.22709 area. once it does, and a full body candle closes above 1.22709. I will wait for a pull to the breakout zone for confirmation and entry for a BUY/LONG. If it does not breakout 1.22709, I am looking for an entry at resistance level for a SELL/Short
GBPUSD reached its 6 month low at 1.2037 and rebounded witin a trading range under 1.2100 then a break out of his area succeeded the cable to make a rally to 1.2250 , the pair currently have an important barrier at 1.2270 which represents 100 MA on the 4h chart , crossing this area shall enter the cable into a bullish trend to first target 2.2300 then 2.2400 respectively
In this video, you will understand how I look at the GBPUSD, starting from the Weekly chart and moving down to the Hourly. Trading must be flexible when you do your charting analysis and always try to understand what information the market gives. When it is time to execute your strategy, you must be black and white. If the rules are met, we enter and then manage...
We are looking for the price to comeback to the order block that created the BOS and Looking for buys at that order block on LTF
Hey Traders, in the coming week we are monitoring GBPUSD for a buying opportunity around 1.22100 zone, GBPUS was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Trade safe, Joe.
Since my bias on HTF is neutral, taking a long or short trade will depend on the direction of price after Monday NY open. If price moves down aggressively after the NY open, it is likely to move up so I might take a long position. And I might take a short position if it moves aggressively up after the NY open.
Price has been moving down for the last 3months. Will it continue to move down to take the 1.20000 level? Or could this be the start of reversal? Want to see more price action, before considering any trade. Bias is neutral for now.
Prices are expected to fall as a reaction from the supply zone, to complete a fake-out at the demand zone. Price will crash to break 3 parallel supports to find a Kink at the demand zone. When the price reacts to the demand zone, we switch trade to buy for a longer term.
My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2235 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2133 Recommended Stop Loss - 1.2295 Super-trend...